Meitav Investment House Ltd. Acquires New Stake in Vistra Corp. (NYSE:VST)

Meitav Investment House Ltd. bought a new position in shares of Vistra Corp. (NYSE:VST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 1,900 shares of the company’s stock, valued at approximately $262,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Pathway Financial Advisers LLC raised its stake in shares of Vistra by 616.0% in the 4th quarter. Pathway Financial Advisers LLC now owns 179 shares of the company’s stock worth $25,000 after buying an additional 154 shares in the last quarter. Avior Wealth Management LLC grew its holdings in Vistra by 56.5% during the fourth quarter. Avior Wealth Management LLC now owns 180 shares of the company’s stock worth $25,000 after acquiring an additional 65 shares during the period. Founders Capital Management bought a new stake in Vistra in the fourth quarter worth about $28,000. West Branch Capital LLC acquired a new stake in Vistra in the 4th quarter valued at about $28,000. Finally, Comprehensive Financial Planning Inc. PA bought a new position in shares of Vistra during the 4th quarter valued at about $28,000. 90.88% of the stock is currently owned by institutional investors and hedge funds.

Vistra Stock Performance

Shares of Vistra stock opened at $162.93 on Friday. Vistra Corp. has a 12 month low of $45.80 and a 12 month high of $199.84. The company has a quick ratio of 0.99, a current ratio of 1.11 and a debt-to-equity ratio of 4.68. The stock has a market cap of $55.43 billion, a PE ratio of 30.40, a price-to-earnings-growth ratio of 1.16 and a beta of 1.22. The business has a fifty day simple moving average of $160.08 and a 200-day simple moving average of $131.37.

Vistra declared that its board has authorized a share buyback program on Thursday, November 7th that authorizes the company to repurchase $1.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 2.1% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Scott B. Helm sold 20,000 shares of the company’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $139.77, for a total value of $2,795,400.00. Following the transaction, the director now owns 343,350 shares in the company, valued at $47,990,029.50. This represents a 5.50 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Scott A. Hudson sold 115,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $164.16, for a total transaction of $18,878,400.00. Following the sale, the executive vice president now owns 254,932 shares of the company’s stock, valued at approximately $41,849,637.12. This represents a 31.09 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.42% of the company’s stock.

Analyst Ratings Changes

VST has been the topic of a number of research reports. BMO Capital Markets boosted their target price on shares of Vistra from $151.00 to $191.00 and gave the stock an “outperform” rating in a report on Wednesday, January 22nd. Evercore ISI began coverage on Vistra in a report on Tuesday, January 21st. They issued an “outperform” rating and a $202.00 price target on the stock. UBS Group increased their price objective on Vistra from $161.00 to $174.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Morgan Stanley lifted their target price on Vistra from $135.00 to $169.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. Finally, Bank of America assumed coverage on Vistra in a report on Monday, January 27th. They set a “neutral” rating and a $206.00 target price for the company. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $171.64.

Vistra Company Profile

Vistra Corp., together with its subsidiaries, operates as an integrated retail electricity and power generation company. The company operates through six segments: Retail, Texas, East, West, Sunset, and Asset Closure. It retails electricity and natural gas to residential, commercial, and industrial customers across states in the United States and the District of Columbia.